CMC Markets and AQMetrics redefine MiFID II compliance, setting new industry standards with innovative technology and strategic partnership.

CMC

In a bold effort to reshape MiFID II transaction reporting compliance in the financial sector, an esteemed and publicly listed forex broker CMC Markets has announced a revolutionary partnership with AQMetrics, an outstanding regulatory technology company.

Such a partnership seeks to establish standards in the industry by joining AQMetrics' advanced compliance solutions with CMC Markets leading its market. The synergy will establish a new customer support model and advanced technology features to minimize regulatory complexity for financial institutions dealing with incremental reporting obligations.

Adam Harris, the Regulatory Reporting Manager at forex broker CMC Markets, remarked that AQMetrics expertise in regulations confirmed that this low-cost broker was committed to compliance proficiency. The alliance is expected to address the growing need for stronger, friendly compliance systems that will be required as regulations become complex.

The innovative approach has features such as AQMetrics' configurable dashboards and real-time monitoring, leading to the solution of manual reporting that many institutions face. Both firms see the partnership as paving the way for automated and automatized regulatory compliance.

This FCA-regulated broker's optimistic trading update for its 2024 financial year predicts that the company would boost its net operating income forecast to £ 290-310 million. The positive outlook is seconded by strong Q3 performance with market recoveries and more from its B2B and institutional business.

Although the first half of operations proved difficult for this multi-asset broker, in other forex broker news, it has been reported that CMC Markets strategic focus on Asia-Pacific and recent leadership appointments set the company up for continued growth as it navigates the ever-changing financial industry.